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Topic - Vestact
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Feb 02, 2012
Diversified miner Xstrata said on Thursday it was in discussions with its major shareholders Glencore about a possible all-share merger of equals. Under UK takeover rules, the Ivan Glasenberg-led Glencore has until March 1 to announce whether it intended to make an...
Jan 31, 2012
Platinum mining company Impala Platinum’s (Implats') choice of Terence Goodlace, from Metorex, as CEO and executive director was described as a ‘good’ appointment by company watchers on Tuesday. Vestact analyst Sasha Naryshkine told Mining Weekly Online that,...
Jun 20, 2011
A Chinese consortium is seen as the “most likely” party to make a counteroffer for JSE-listed base metals miner Metorex, analysts speculated on Monday. Brazil’s Vale announced a R7.5-billion offer for Metorex in April, but the South Africa-headquartered company said...
Jul 21, 2010
JSE-listed Randgold & Exploration (R&E) said in a trading statement on Tuesday that the company expected to report earnings of between R10,50 a share and R11,05 a share for the six months ended June 30. This is about a 1 000% rise compared with the 1c a share that...
Jan 15, 2010
South Africa’s Anglo Platinum (Angloplat), the world’s largest producer of the precious metal, expects to report significantly lower full-year earnings when it releases its 2009 results early next month. The company warned shareholders on Friday that basic earnings...
Dec 10, 2009
South Africa’s mining production for October decreased by 8,5%, compared with the same month in 2008, official statistics showed on Thursday. Copper production decreased by 32,9% year-on-year, while diamond production plunged by 43,4%. Gold production dropped by...
May 27, 2009
A settlement between Rio Tinto and Japanese steelmakers to cut iron-ore prices by one-third might not bode well for South African producer Kumba Iron Ore (KIO) when it negotiates prices with its customers later in the year, analysts said on Wednesday. The world’s...
May 14, 2009
While South Africa’s mining output figures were still not looking good, some sort of a base was starting to build, fund manager Vestact director Sasha Naryshkine said on Thursday. South Africa’s total mining production for March was down 4,6% year-on-year,...
Apr 15, 2009
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Mar 12, 2009
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Nov 10, 2008
Platinum and chrome producer Xstrata Alloys and its South African joint-venture partner, Merafe Resources, on Monday announced that the companies would temporarily suspend six furnaces of the Xstrata-Merafe chrome venture. The six South African furnaces would...
Sep 29, 2008
Platinum producer Lonmin has appointed former chief strategic officer responsible for the company’s business development, Ian Farmer, as CEO with immediate effect, it announced on Monday. Farmer’s appointment comes as former CEO Brad Mills stepped down “by mutual...
Sep 18, 2008
Resurgent interest in gold, which saw the price of the precious metal leap by nearly $100/oz during feverish buying on Wednesday and Thursday, has analysts divided as to whether or not it is the start of a protracted bull run for the yellow metal, or whether it is...
Aug 20, 2008
South Africa's Northam Platinum on Wednesday took a big step towards realising its ambition to more than double production of the precious metal by partly acquiring the vast Booysendal platinum project. The project would help lift production of platinum, palladium,...
Jul 21, 2008
While South Africa’s ‘big three’ gold producers should report slightly improved production and cost-control figures for the second quarter when compared with the one previous, analysts canvassed by Mining Weekly Online on Monday indicated that they were likely to pay...
 
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